The Swedish Krona drifted higher against the euro in early European deals on Wednesday, after Riksbank's Deputy Governor Martin Floden said that the currency is 'slightly undervalued.'

Floden also stated that the bank would continue its expansive monetary policy to boost inflation.

The Krona climbed to a 6-day high of 9.2921 against the euro, compared to Tuesday's closing value of 9.3127. The Krona may possibly locate resistance around the 2.85 mark.

Euro vs SEK (FX:EURSEK)
Forex Chart
Von Mär 2024 bis Apr 2024 Click Here for more Euro vs SEK Charts.
Euro vs SEK (FX:EURSEK)
Forex Chart
Von Apr 2023 bis Apr 2024 Click Here for more Euro vs SEK Charts.